Wednesday, March 4, 2009

In the midst of the unkown ,here's an attempt to understand what's going on ,and how to solve the problem(s).

There are no solutions under the prevailing global financial architecture. Meaningful policies cannot be achieved without radically reforming the workings of the international banking system.
What is required is an overhaul of the monetary system including the functions and ownership of the central bank, the arrest and prosecution of those involved in financial fraud both in the financial system and in governmental agencies, the freeze of all accounts where fraudulent transfers have been deposited, the cancellation of debts resulting from fraudulent trade and/or market manipulation.
People across the land, nationally and internationally must mobilize. This struggle to democratise the financial and fiscal apparatus must be broad-based and democratic encompassing all sectors of society at all levels, in all countries. What is ultimately required is to disarm the financial establishment:


-confiscate those assets which were obtained through fraud and financial manipulation.
-restore the savings of households through reverse transfers
-return the bailout money to the Treasury, freeze the activities of the hedge funds. .
- freeze the gamut of speculative transactions including short-selling and derivative trade.


To read the whole article please click on lick
http://kanaanonline.org/ebulletin-en/?p=142

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